Question

. A dealer marks his goods 60% above cost. What percent of discount must be allow if he makes a profit of 20% only?
1 point
20

Answer 1

Answer:

40%

Step-by-step explanation:

Overpriced SP 60%

Profit he wants to make=20%

Discount he shout allow=SP-Profit he wants to make

=60-20

=40%